NEW YORK – August 1, 2018 Cowen Investment Management LLC, the global investment management business of Cowen Inc. (“Cowen”) (NASDAQ: COWN) with approximately $11 billion in assets under management, announced today that Elizabeth Flisser Rosman has been appointed Head of Investment Management. Ms. Rosman joined Cowen in 2017 as Managing Director and Head of Strategy. In this leadership role, Ms. Rosman will be responsible for Cowen’s investment management division and further expanding its alternative investment platform.

Jeffrey M. Solomon, Cowen’s Chief Executive Officer, said, “We are thrilled that Elizabeth will lead our investment management division going forward as we focus on sectors where Cowen has strong domain expertise. Elizabeth has 20 years of experience building alternative investment managers and since joining us last year, she has demonstrated the drive, market intelligence and creative thinking to drive the business forward.”

Added Solomon, “As part of our Cowen DNA initiative, our investment management group is increasingly focused on identifying opportunities for our clients to outperform by leveraging the collective strengths of the organization. We have initiated that opportunity in the healthcare sector and we look forward to bringing forward additional opportunities in the near term.”

Elizabeth Flisser Rosman said, “Cowen is a truly dynamic organization. I am excited to lead the investment management group and collaborate with exceptional people who are undeniably sector experts and uniquely skilled in identifying the investment spaces needed within their domain. I am also grateful to Jeff Solomon and Cowen’s senior leadership, including Tom Strauss and Fred Fraenkel, for the opportunity to be a bigger part of the franchise and to deliver on Cowen’s strategic priorities for the investment management business.”

Fred Fraenkel, a Vice Chairman of Cowen, who had been running the investment management division on an interim basis, will return to advising Cowen’s senior management on strategy. Fraenkel joined Cowen in March 2016.

Tom Strauss, also a Vice Chairman of Cowen, will continue his firm wide responsibilities for managing and growing the firm’s most important relationships.  Strauss was a founding member of Ramius LLC and has maintained a senior leadership position since its integration into Cowen in 2009.

About Elizabeth Flisser Rosman:

Elizabeth Flisser Rosman is Head of Investment Management having been Head of Strategy at Cowen Investment Management since joining Cowen in September 2017. Previously, she was Managing Director and Partner at Reservoir Capital Group, a private investment company, where she led the firm’s efforts in identifying, seeding and incubating hedge fund managers for Reservoir Strategic Partners. She co-founded and served as CEO for Message Protocols LLC, a financial services technology company. Prior to that, she was President and Partner at Capital Z Asset Management. Ms. Rosman joined Capital Z in July 1999 and was responsible for sourcing, evaluating, and structuring the firm’s hedge fund investments, and monitoring sponsored funds and strategic investments. Previously, she was at Goldman Sachs & Co in the Financial Institutions and Equity Capital Markets groups. Ms. Rosman holds a B.A. in American Studies from Barnard College.

 About Cowen Inc.

Cowen Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides investment management, investment banking, research, sales and trading, prime brokerage, global clearing and commission management through its two business segments: Cowen Investment Management and its affiliates make up the Company’s investment management segment, while Cowen and Company, a member of FINRA and SIPC, and its affiliates make up the Company’s investment bank segment. Cowen Investment Management provides investment management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research, a sales and trading platform for institutional investors, global clearing and commission management services and also a comprehensive suite of prime brokerage services. Founded in 1918, the firm is headquartered in New York and has offices worldwide. To download Cowen’s investor relations app, which offers access to SEC filings, news releases, webcasts and presentations, please visit the App Store for iPhone and iPad or Google Play for Android mobile devices.

Media Contacts:

Cowen Inc.
Lynda Caravello
646-562-1676
lynda.caravello@cowen.com

Gagnier Communications
Dan Gagnier
646-569-5897
dg@gagnierfc.com